In India, the price of Tether's USDT stablecoin surged to a premium of over 8.5% above the official USD/INR exchange rate, reaching 102.88 rupees compared to the official 94.65 rate. This sharp rise from the usual 3-4% premium reflects a sudden shortage of USDT supply amid strong local demand for dollar exposure, driven by India's large crypto market and heavy taxes on crypto gains. USDT acts as a dollar substitute for Indian traders avoiding rupee conversions and fees, causing the premium to represent a hidden cost and stress in the market. The premium also highlights India's strict foreign currency controls, and it remains to be seen if new USDT supply will ease the gap or if the premium signals deeper market frictions.
Roche announced positive one-year Phase III trial results for vamikibart, an investigational non-steroid treatment for uveitic macular edema (UME), showing sustained vision improvement and reduced macular swelling. The FDA has accepted Roche's Biolog...
Matt Hougan, CIO of Bitwise Asset Management, suggests Bitcoin could reach a $30 trillion market value by following a growth path similar to gold's expansion after its ETF launch. He highlights that institutional access via ETFs, which started in 202...
South Korea's crypto market showed renewed risk appetite with a 79% advancer ratio among major tokens. Bitcoin traded slightly higher at 113.13 million won, while Ethereum also rose. Starknet on Bithumb led gains with a 51.3% jump, supported by stron...
At IAA TRANSPORTATION 2026 in Hanover, Winseed showcased key trends in automotive AI, emphasizing the shift from innovation to commercialization and the rising importance of AI-driven global brand visibility. Their research ranked 127 AI-related auto...
Ethereum ETFs have experienced nine consecutive days of outflows, shedding nearly $2 billion in assets from October 5 to 9, 2026. However, most of this decline is due to a 6.9% drop in Ether's price, with only about $542 million attributed to actual ...
